We are clearly close to a big move in BTC. The price is narrowing down a triangle with volume reaching very low levels again. Last time it happened we've experienced the break from 6k to ~3k.
Also the blue box area shows what might be starting to look like a Wyckoff accumulation pattern supported on the weekly 200MA (not in the chart above). Normally, after accumulation comes a price markup phase.
We'll have to wait and see. It is possible to see a run to near 5k levels and then drop further down if it can't sustain which might lead us sub 3k.
There is a lot of resistance a around 5k levels and also the previous resistance trendline.
Let's see how it plays out.
Also the blue box area shows what might be starting to look like a Wyckoff accumulation pattern supported on the weekly 200MA (not in the chart above). Normally, after accumulation comes a price markup phase.
We'll have to wait and see. It is possible to see a run to near 5k levels and then drop further down if it can't sustain which might lead us sub 3k.
There is a lot of resistance a around 5k levels and also the previous resistance trendline.
Let's see how it plays out.
İşlem kapandı: hedefe ulaştı
So far so good. We reached the resistance. Took a bit more time but got there as predicted. Lets see how it goes from now on.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.